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Recent Articles

australianpropertyjournal.com.au

Global alliance initiative to attract capital to decarbonise buildings

A GLOBAL alliance of green building groups has launched a sustainable finance call to action to see the majority of buildings lifted to modern sustainability standards, with a new report released to unlock billions for decarbonising building at scale. The initiative is led by the Green Building Council of Australia (GBCA), the UK’s Building Research
australianpropertyjournal.com.au

Barangaroo flex office cost rises $1.3k per desk

BARANGAROO has emerged as one of the most expensive flexible office locations in Australia, commanding desk rates around 80% higher than Melbourne. The latest data highlights the stark price gap between Sydney’s most in demand location and other major cities. According to the latest data from Rubberdesk, the national median office rate is at $667
australianpropertyjournal.com.au

Sentinel appoints business development director

WARREN Ebert's Sentinel Property Group has appointed Daniel O’Driscoll as its director of business development. O’Driscoll previously worked at Sentinel in 2011 and has since held roles at Queensland Investment Corporation (QIC), including most recently as development director of QIC Real Estate. “The last few years have been massive for the growth of Sentinel and
australianpropertyjournal.com.au

Wotso enters Melbourne market after decade long search

ASX-listed co-working and flexible workspace provider Wotso will open its first Melbourne venue early next year, having purchased a whole CBD floor in historic
australianpropertyjournal.com.au

JY Group goes on back to back shopping spree

AS the shopping centre market heats up, JY Group is expanding its Australian shopping centre portfolio, adding a 50% interest in Sydney’s Warriewood Square for $135.5 million. Hot on the heels of its acquisition of Westfield Whitford City last month, JY has acquired Warriewood Square from ISPT. The centre is a strong performing sub-regional mall located
australianpropertyjournal.com.au

Auction activity takes a break during long weekend holiday

THE last weekend pulled in the lowest preliminary clearance rate since December 2022, as auction results remain sluggish after another long weekend. According to CoreLogic’s preliminary figures for the week ending 6 October 2024, the clearance rate was 63.9% down from last week’s 64.5%—revised down to 60.6% on final numbers. In total there were auctions
australianpropertyjournal.com.au

McGees boosts industrial business

AGENTS McGees Property is boosting its industrial capabilities with the appointment of Marco Onorato as senior executive of sales & leasing. Onorato has expertise across the industrial and logistics sector, having worked with global real estate companies Colliers International and Knight Frank, developing experience in sales, leasing, financial modelling, and portfolio management in the Adelaide
australianpropertyjournal.com.au

Owner occupier beat developers for Brighton site

THE Uniting Church has netted $16.5 million from the sale of a former aged facility on a substantial landholding in Melbourne’s prestigious Brighton. The local buyer plans to occupy the heritage-listed Tullavin mansion on the 453 New Street site, and subdivide the balance of the land into several lots to sell down. “Throughout the campaign,
australianpropertyjournal.com.au

Melbourne house prices set to decline further

AUSTRALIA'S housing market is again showing signs of slowing momentum over August and September, with further declines tipped for Melbourne, ANZ has forecast. According to ANZ Research, while capital city housing prices continued to expand over September, at 0.5% average monthly growth was down to 0.4%, down from 0.6% month-on-month in Q2. Which is also
australianpropertyjournal.com.au

Quest offers rare opportunity to check into Ipswich hotel market

THE 4-star Quest Hotel in Ipswich, Queensland’s fastest growing region, has been listed with expectations of $16 million. The 4,556 sqm property is located at 57-63 Warwick Road and boasts 64 keys across a mix of studio, one- and two-bedroom apartments, plus facilities including a swimming pool, BBQ facilities, meeting and conference spaces and onsite
australianpropertyjournal.com.au

Ibis hotel investment offering for the right budget

THE Ibis Budget Melbourne CBD hotel has hit the market with $35 million price expectations, offering potential buyers a secure investment that also has plenty of room for repositioning or redevelopment. Located at on a 702sqm site at 97-103 Elizabeth Street, the 146-room 3.0-star hotel sits in the heart of the CBD between Collins and